Lupin Gave a nice target of more than 1% today .
After hitting the resistance the stock fell heavily and currently taking a support at an important level.
Looks like it is about to form a H&S.
if it retest the blue trend line and again gives a 15min closing below 1193-1196.65 area then next target is 1173.7
Since this is against the major trend take quick profits at pivot levels and trail SL.
In daily time frame it formed a higher rejection candle today
it is consoildating between the top resistance zone and bottom support zone in daily time frame.
breakdown of important trendline.
Below our levels it will be an H&S pattern.
below 200ema of 15min
Book partial profits at 1184 and trail SL cost to cost since tomorrow s1 will be at 1184 level
Ignore if this opens gap down below the levels.
This is purely my personal view on the script. Trade at your own risk and knowledge.
After hitting the resistance the stock fell heavily and currently taking a support at an important level.
Looks like it is about to form a H&S.
if it retest the blue trend line and again gives a 15min closing below 1193-1196.65 area then next target is 1173.7
Since this is against the major trend take quick profits at pivot levels and trail SL.
In daily time frame it formed a higher rejection candle today
it is consoildating between the top resistance zone and bottom support zone in daily time frame.
breakdown of important trendline.
Below our levels it will be an H&S pattern.
below 200ema of 15min
Book partial profits at 1184 and trail SL cost to cost since tomorrow s1 will be at 1184 level
Ignore if this opens gap down below the levels.
This is purely my personal view on the script. Trade at your own risk and knowledge.
Comment:
gap up open + sell off.. watch this below the marked levels..can give a good short trade